RadiciGroup Performance Plastics 2015 sales revenue grew 9% to €277 million
RadiciGroup Performance Plastics, an engineering plastics division of the RadiciGroup, closed the 2015 financial year with consolidated sales revenue of €277 million, a 9% growth compared with the previous year.
Sale revenue in the first half of 2016 also grew by 3% versus the same period in 2015, driven by the rising demand in automotive. As a result, the company is planning to increase worldwide production capacity by 20% during the 2016-17 period.
A breakdown of RadiciGroup Performance Plastics sales revenue for 2015 by region: 54% sales in Europe (16% Italy – 38% rest of Europe), and 46% outside Europe.
“Globalizing production so as to be close to our international customers and, at the same time, developing local markets continues to be our main industrial strategy,” said Luigi Gerolla, CEO of RadiciGroup Performance Plastics. “We implement this strategy hand-in-hand with our fundamental R&D work to create new increasingly higher performance and ever more customized products, which we develop in collaboration with our customers for any type of specific application.”
In 2015, automotive was the driving segment of RadiciGroup Performance Plastics, generated about 60% of its sales revenue. The US, China and Germany were the markets where automotive performed particularly well, noted the company.
At K 2016, RadiciGroup will officially present RADILON Aestus T, a new polyphthalamide (PPA) product line and the latest addition to its family of high temperature resistant specialties.
“The Brazilian market recognized these plastics by including them among the materials used to manufacture the seats for five of the sport facilities where, in just a few days, the Rio 2016 Olympic games are going to take place,” said Gerolla.